Elon Musk agrees Dogecoin is the 'strongest' cryptocurrency; Price goes up

Elon Musk always had a strong influence on cryptocurrency market. This was showcased after price of several cryptocurrencies like Bitcoin, Ereum, and Dogecoin changed because of Elon Musk’s public comment on it. Similarly, he again Tweeted about popular meme currency, Dogecoin, which has increased price of this currency by a good margin. Founder of Boring Company recently Tweeted in favour of billionaire investor Mark Cuban’s claim that “dogecoin is 'strongest' cryptocurrency as a medium of exchange.” This was released in a story covered by CNBC.

Musk agrees with Cuban's claim that "Dogecoin is strongest cryptocurrency"

In response to Mark Cuban’s claim, Elon Musk tweeted, “’ I’ve been saying this for a while."  According to some information gared by CoinDesk, Dogecoin price shot up significantly between August 15 and August 16. Because of his influence on Dogecoin price, Musk has been referred to as ‘dogefar’ of cryptocurrency market. This is t first time CEO of X has been in favour of exchange of cryptocurrency. Musk had already spoken about this topic during an interview in May. He said that re is a good chance that crypto is future currency of world. But because of multiple cryptocurrencies available in market, it is certainly difficult to pick most beneficial currency. 

• According to coinmarketcap.com, Current Dogecoin market cap is $42,076,158,279

How to buy Dogecoin?

• It is essential to have a Dogecoin wallet like Ledger, Exodus to buy cryptocurrency. Using this wallet can help users buy any cryptocurrency available on exchange platform. 
• After waking your Dogecoin wallet, try and locate your Dogecoin address. It is essential to buy Dogecoin and place it in your wallet.
• Open any kwn Doge exchange on platforms like Binance, Bitpanda or Coinbase to kw about exchange information on Dogecoin. This includes kwing about currency's exchange rate, documents required to complete verification process of buying Dogecoin, and payment methods.
• Select amount of Dogecoin you want to buy and complete payment process.
• This amount will soon reflect in your wallet. 
• It can be withdrawn or exchanged whenever needed.

Im Credit: AP/ PIXABAY